Skarps

Crypto tech with Skraps

I was an early adopter of Stash. I literally stumbled across the site in a pre-launch phase, requested to be a test user and thanks to my impeccably random timing, I was one of the first 10 users on the app. If you’ve got no idea what the Acorns or Stash apps are, they’re essentially change investing apps- they track your purchases and if you spend $4.85 on that grande soy no whip extra caramel latte, it takes the extra .15 cents and squirrels it away into an investment fund that can grow into a decent nest egg in several years.

Now it wasn’t all amazing user experience getting in first with Stash, and I didn’t get a crazy bonus or anything, even though I literally asked the customer support agent for an early adopter reward- but what was really exciting was watching the team behind the scenes building an app that was truly functional and working hard to provide a unique user experience to it’s user-base. The effort behind the Stash app is what I’m seeing with the team behind Skraps (ya know, a few scraps add up to a generous amount of cash).

Enter a new cryptocurrency opportunity

Skraps isn’t the first crypto change investing app out there, but the team behind the app is putting in some amazing effort in the design and function of how this app is going to work, and I think that’s going to be a first for bringing cryptocurrency investment to the mainstream public.

Not only can you invest your spare change and let it grow slowly, but Skraps allows you to choose from five different portfolio strategies, depending on what risk level you’re comfortable with: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive.

So let’s say you do use an app like Acorns or Stash- why would you consider switching to an app like Skraps? One word:

Volatility — it’s your best friend or worst enemy

In 2017, the global real estate market saw a mere 5% return, gold slightly higher at 10.1%, and US equities a whopping 11.5% ROI. But you know what totally blew them out of the water? Cryptocurrencies. Across all digital assets, the market saw a massive return of 448%, with Bitcoin alone making 181.3% return. Nothing beats this market for growth.

With compounding investments and typical market growth, we can usually expect a 5% growth rate on our investments each year. But with even a conservative estimate in cryptocurrencies, we’re looking at a 15–20% growth rate each year.

Typical 5% growth rate

Conservative 15% growth rate

Volatility in a market means that with the right strategy, you can gain substantial rewards in a very short amount of time, and the growth of the crypto market doesn’t look like it’s slowing down anytime soon.

Why is this a big deal for small investors?

Well generally speaking, until the last few years, there hasn’t been an easy way for your typical person to get into investing, other than opening a savings account and waiting until they had a minimum of several thousand dollars saved to meet the trade requirements that investment firms usually push. Thankfully, innovation has lead to less stringent requirements and Skraps is following suite as they’ve already committed to the following principles in their application:

1. No minimum or maximum amount of investments.
2. No minimum or maximum balance.
3. No withdrawal fees.
4. No payment delays.
5. Instant payment processing- Instant withdrawals.
6. Anonymous. No social security numbers required.

Enough already, where do I get this app?

Skraps is currently in fundraising status and is on track to release their app in March, check out their site below and sign up for their newsletter to be notified when the app is ready to start investing for you!

Website • White Paper • Announcements • Get Early Access